Wednesday, 16 March 2011
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Sugar price may shoot up once again
NEW DELHI: The price of sugar could shoot up once again, this time on account of the government, with the Finance Bill proposing to omit the commodity from the Schedule of Additional Duties of excise (goods and Special Importance) Act, 1957. The change, which will come into effect on enactment of the Finance Bill, will empower state governments to impose VAT on sugar at a maximum 5% rate, in
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